A Study on Impact of Employer-Employee Relationship on Employee Retention with reference to Finance Industry

Management Research

This research investigates the influence of the employer-employee relationship on employees and emphasizes the importance of understanding the impact of various employee retention strategies, including employee participation, training, job security, work environment, motivation, and the relationship between employees and employers, on both retention and performance. The findings indicate that these factors positively affect both employee retention and performance. The theoretical framework suggests that companies should view their employees as valuable resources, as retaining them is challenging and expensive. The study focuses on exploring the link between employer-employee relationships and employee retention. A total of 115 questionnaires were distributed to respondents, forming the basis of the analysis. Qualitative descriptive research methods were employed, and open-ended questionnaires were used for data collection. Statistical analysis was conducted using PSPP software. The results reveal a significant impact of the employer-employee relationship on employee retention, with culture and work environment identified as major influencers. Interestingly, factors such as compensation and benefits were considered secondary by employees.

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